Analysis: Ontario deficit targets at risk as outlook dims

TORONTO (Reuters) – A worsening economy will hurt Ontario’s chances of meeting already long-term plans to balance its budget as it prepares for a fiscal update on Wednesday. The government has said its fall economic statement will show a C$16 billion ($15.5 billion) deficit for 2011-12, but warned that revenue projections and growth targets will fall to reflect recent private sector downgrades. Ontario plans to balance the budget by 2017-18, later than any other Canadian province. …